Current Affairs Quiz 10 April 2025
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Current Affairs Quiz 10 April 2025 For UPSC Exam
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- Question 1 of 5
1. Question
Consider the following statements about the recent RBI policy changes:
1. The RBI has shifted its monetary policy stance from accommodative to neutral.
2. The GDP growth forecast for India has been revised down from 6.7% to 6.5%.
Which of the statements is/are correct?CorrectCorrect Answer: B. 2 only
Explanation:
• RBI has retained its monetary stance as “accommodative”, not shifted to neutral.
• It has revised the GDP growth forecast downward from 6.7% to 6.5% due to global headwinds and domestic factors.IncorrectCorrect Answer: B. 2 only
Explanation:
• RBI has retained its monetary stance as “accommodative”, not shifted to neutral.
• It has revised the GDP growth forecast downward from 6.7% to 6.5% due to global headwinds and domestic factors. - Question 2 of 5
2. Question
Which of the following best explains the immediate effect of a repo rate cut on the economy?
CorrectCorrect Answer: C. It reduces borrowing costs, encouraging consumption and investment.
Explanation:
• A repo rate cut makes borrowing cheaper for banks.
• This leads to lower loan interest rates for consumers and businesses, which boosts consumption and investment, stimulating economic growth.IncorrectCorrect Answer: C. It reduces borrowing costs, encouraging consumption and investment.
Explanation:
• A repo rate cut makes borrowing cheaper for banks.
• This leads to lower loan interest rates for consumers and businesses, which boosts consumption and investment, stimulating economic growth. - Question 3 of 5
3. Question
What could be a geopolitical consequence of India ending the transshipment facility for Bangladesh?
CorrectCorrect Answer: C. Rising Chinese influence in Bangladesh’s trade logistics.
Explanation:
• Bangladesh used Indian ports like Kolkata for third-country exports. India’s withdrawal may push Dhaka to increase dependence on Chinese-built ports like Payra and Chittagong, enhancing China’s strategic footprint in the region.IncorrectCorrect Answer: C. Rising Chinese influence in Bangladesh’s trade logistics.
Explanation:
• Bangladesh used Indian ports like Kolkata for third-country exports. India’s withdrawal may push Dhaka to increase dependence on Chinese-built ports like Payra and Chittagong, enhancing China’s strategic footprint in the region. - Question 4 of 5
4. Question
The Cape Town Convention, recently implemented via Indian legislation, primarily deals with:
CorrectCorrect Answer: B. Leasing and repossession of aircrafts
Explanation:
• The Cape Town Convention (CTC) provides a legal framework for leasing, financing, and repossessing high-value mobile assets such as aircrafts. India adopted this via the Cape Town Convention Bill, easing aircraft leasing norms.IncorrectCorrect Answer: B. Leasing and repossession of aircrafts
Explanation:
• The Cape Town Convention (CTC) provides a legal framework for leasing, financing, and repossessing high-value mobile assets such as aircrafts. India adopted this via the Cape Town Convention Bill, easing aircraft leasing norms. - Question 5 of 5
5. Question
Why is India considered relatively less affected by the global tariff war, according to the RBI?
1. India has a low export-to-GDP ratio compared to China and Germany.
2. India’s trade surplus with the US is one of the highest globally.
Choose the correct answer:CorrectCorrect Answer: A. 1 only
Explanation:
• India’s export-to-GDP ratio is significantly lower than that of export-driven economies like China or Germany, making it less vulnerable to external tariff shocks.
• However, India does not have one of the highest trade surpluses with the US—countries like China, Mexico, and Germany top that list.IncorrectCorrect Answer: A. 1 only
Explanation:
• India’s export-to-GDP ratio is significantly lower than that of export-driven economies like China or Germany, making it less vulnerable to external tariff shocks.
• However, India does not have one of the highest trade surpluses with the US—countries like China, Mexico, and Germany top that list.
